Canada: Cashew Nut Market Overview 2021

Cashew Nut Market Size in Canada

The Canadian cashew nut market shrank significantly to $X in 2019, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Cashew nut consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Cashew Nut Exports

Exports from Canada

In 2019, exports of cashew nuts from Canada amounted to X tonnes, therefore, remained relatively stable against 2018 figures. Over the period under review, exports showed a relatively flat trend pattern. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, cashew nut exports stood at $X in 2019. In general, exports showed a relatively flat trend pattern. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

Saint Lucia (X tonnes) was the main destination for cashew nut exports from Canada, accounting for a X% share of total exports. Moreover, cashew nut exports to Saint Lucia exceeded the volume sent to the second major destination, Guyana (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Saint Lucia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and South Africa (X% per year).

In value terms, Saint Lucia ($X), Guyana ($X) and South Africa ($X) constituted the largest markets for cashew nut exported from Canada worldwide.

Guyana recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cashew nut export price amounted to $X per tonne, standing approx. at the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, average export prices reached the maximum in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Guyana ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Guyana, while the prices for the other major destinations experienced more modest paces of growth.

Cashew Nut Imports

Imports into Canada

Cashew nut imports into Canada shrank notably to X tonnes in 2019, dropping by -X% against 2018 figures. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, cashew nut imports shrank markedly to $X in 2019. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Brazil (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the main suppliers of cashew nut imports to Canada, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in the U.S., while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Brazil ($X) and the U.S. ($X) constituted the largest cashew nut suppliers to Canada, with a combined X% share of total imports.

The U.S. saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cashew nut import price amounted to $X per tonne, remaining stable against the previous year. In general, import price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cashew nut import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Lebanon ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

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The country with the largest volume of cashew nut consumption was India (1.6M tonnes), comprising approx. 43% of total volume. Moreover, cashew nut consumption in India exceeded the figures recorded by the second-largest consumer, Viet Nam (501K tonnes), threefold. The third position in this ranking was occupied by Burundi (283K tonnes), with a 7.6% share.

What are the largest producers of cashew nuts in the world?

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The countries with the highest volumes of cashew nut production in 2019 were Cote d'Ivoire (793K tonnes), India (743K tonnes) and Ghana (321K tonnes), with a combined 41% share of global production. These countries were followed by Burundi, Viet Nam, the Philippines, Nigeria, Tanzania, Benin, Mali, Guinea-Bissau, Brazil and Burkina Faso, which together accounted for a further 46%.

What are the leading suppliers of cashew nuts to Canada?

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In value terms, the largest cashew nut suppliers to Canada were India ($404K), Brazil ($279K) and the U.S. ($158K), with a combined 97% share of total imports.

What are the leading importers of cashew nuts from Canada?

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In value terms, Saint Lucia ($52K), Guyana ($32K) and South Africa ($692) appeared to be the largest markets for cashew nut exported from Canada worldwide.

What is the average export price for cashew nuts in Canada?

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The average cashew nut export price stood at $2,055 per tonne in 2019, standing approx. at the previous year.

What is the average import price for cashew nuts in Canada?

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In 2019, the average cashew nut import price amounted to $6,699 per tonne, flattening at the previous year.